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Tag Archives: debt limit

President Trump Approves 2-Week Govt Funding Extension

President Donald Trump on Friday signed another continuing resolution that would fund the federal government at current spending levels through Dec. 22, Bloomberg reported Friday. Trump signed the CR a day after Congress passed the stopgap funding measure to avoid a government shutdown and after the president reached a “tentative …

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Congress OKs $15B Emergency Funding Package, 3-Month Debt Limit Extension

Congress has passed a spending bill that would provide $15.25 billion in emergency funds to aid communities affected by Hurricanes Harvey and Irma. The emergency assistance package contains $7.4 billion each for the Federal Emergency Management‘s Disaster Relief Fund and the Department of Housing and Urban Development‘s Community Development Block Grants program as well as …

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Obama Signs 2-Year Debt Limit Suspension Bill

President Barack Obama signed a bipartisan budget deal Monday that suspends the debt limit through March 2017 and increases spending levels by $80 billion until September 2017, The Hill reported Monday. Jordan Fabian writes the signed budget plan comes a day before the Tuesday deadline to avoid a federal default …

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Treasury: US Deficit Fell 37% in May

The Treasury Department disclosed the U.S. budget deficit for the past 12 months amounted to $412 billion, the smallest one-year shortfall recorded since August 2008, the Wall Street Journal reported Wednesday. Nick Timiraos writes Treasury’s data shows the deficit dropped to about $82 billion during the month of May due …

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House Passes ‘Clean’ Debt Ceiling Extension Bill

The House voted 221-201 Tuesday to approve a bill that would raise the government’s borrowing authority through March 2015 with no additional conditions, the New York Times reported Tuesday. It marks the first debt-limit extension proposal since 2009 that has not been attached to any other bills, according to the …

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Fiscal Deal Includes Back Pay for Workers Furloughed During Shutdown

The funding measure approved by Congress late Wednesday night includes language that grants back pay to federal workers that were on furlough during the 16-day government shutdown, GovExec reported Wednesday. Kellie Lunney writes federal staff who have been excepted from the shutdown but were required to work are guaranteed retroactive …

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